What CEO pay reveals about the prospects for InterDigital, Xperi and VirnetX

A comparison of the explanations of the executive compensation packages of InterDigital Inc. (IDCC) CEO William Merritt, Xperi Corp. (XPER) CEO Jon Kirchner, and VirnetX Holding Corp. (VHC) CEO Kendall Larsen may have a lot to reveal about the future prospects of the three technology companies. All three technology companies make make money by licensing [...]

By | April 20th, 2018|exec changes, Patent Investing|0 Comments

Acacia reduces size of board to seven from eight in midst of proxy battle with activists Sidus and BLR Partners

Acacia Research Corp. (ACTG), the patent licensing firm that is fighting a proxy battle with activist investors Sidus Investment Management and BLR Partners LLC, said it is reducing its board from eight directors to seven directors. Newport Beach, California-based Acacia is reducing its board at a time when Sidus, run by Alfred Tobia Jr., and [...]

By | April 19th, 2018|exec changes, Patent Investing|0 Comments

Acacia appoints two new directors in effort to fend off proxy battle from Sidus Investment Management and BLR Partners

Acacia Research Corp. (ACTG), the patent licensing company that is facing a proxy battle by Sidus Investment Management and BLR Partners, said it appointed Joe Davis, a highly regarded and experienced auditor and financial consultant, and Paul Falzone, an experienced executive and successful high-tech investor, as new independent directors, effective immediately. Newport Beach, California-based Acacia [...]

By | April 2nd, 2018|exec changes, Patent Investing|0 Comments

Acacia rebukes activists for short term focus and false and misleading statement

Acacia Research Corp. (ACTG), the patent licensing company run by Executive Chairman G. Louis Graziadio III, accused activist investors who yesterday launched a proxy battle to oust Graziadio from the board of having a short term trader’s mentality and of impugning the integrity of Acacia management with false and misleading statements. The activist Sidus Investment [...]

By | March 21st, 2018|exec changes, Patent Investing|0 Comments

Acacia faces proxy battle led by Sidus Investment Management and BLR Partners

Acacia Research Corp. (ACTG), the patent licensing company run by Executive Chairman G. Louis Graziadio III, is facing a proxy battle, after Sidus Investment Management LLC and BLR Partners LP, who collectively own a 4.1% stake in Acacia nominated two directors in the hope of ousting Graziadio. Sidus Investment Management was founded by and is [...]

By | March 20th, 2018|exec changes, Patent Investing|0 Comments

(Update1) BlackBerry extends CEO John Chen’s contract for 5 years in endorsement of his strategy that includes patent monetization

BlackBerry Ltd. (BB) said its board extended the contract of its Executive Chairman and CEO, John Chen, for five years through November 2023, an endorsement of his plan to boost the company’s patent monetization market in a down market. The Waterloo, Ontario-based company said Chen joined the company in November 2013 and has since then [...]

By | March 15th, 2018|exec changes, Patent Investing|0 Comments

(Update2) RPX’s board approves severance for CEO and CFO in the event of a change of control

RPX Corp. (RPXC), the patent aggregator and litigation loss control company that is exploring strategic alternatives including a possible sale, said its board's compensation committee on March 2  approved severance benefits for Chief Executive Officer Martin Roberts and Chief Financial Officer David Anderson in the event of a change in control. Last month, San Francisco-based [...]

By | March 6th, 2018|exec changes, Patent Investing|0 Comments

In wake of $65M Apple settlement, Immersion may be more likely to find a buyer than a new CEO

Immersion Corp. (IMMR), the haptic or touch technology company that won a $65 million settlement from Apple Inc. in January, may be closer to selling the company than finding a new CEO, based on a recent securities filing. San Jose, California-based Immersion has been looking for a new CEO to replace Vic Viegas who in [...]

Quarterhill swings to 4th-Qtr loss on charges related to disposal and impairment of intangibles

Quarterhill Inc. (QTRH), the technology and licensing company run by CEO Douglas Parker, swung to a fourth quarter 2017 net loss of $12.36 million, or 10 cents a share, on $26.3 million in non cash charges related to a loss on disposal of intangible assets and impairment loss on intangibles. Ottawa, Ontario-based Quarterhill's loss compared [...]

Ex-Gerchen Keller partners Keller, Gerchen and Lenkner form new law firm to advise on litigation

Ashley Keller, Adam Gerchen and Travis Lenkner, former founders of Gerchen Keller Capital, which was acquired by Burford Capital last year, have launched a new law firm Keller Lenkner that seeks to be a leading national law firm representing a broad array of clients as plaintiffs in complex litigation at the trial and appellate levels. Keller, [...]

By | February 20th, 2018|exec changes, litigation, Patent Investing, Uncategorized|0 Comments